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Donald Trump would like to pay a “dividend” to American households: “There is so much money that fits”

A republican senator, Josh Hawley, hastened to prepare a bill providing for the sending of checks for an amount of $ 600 per person – adult or dependent child.

The new American customs duties come into force: “billions of dollars in tributary customs”

Signature

The American president had already sent checks to tens of millions of Americans during his first mandate, in the context of staunch efforts in the Pandemic of Covid-19.

So in the middle of the presidential campaign, the billionaire had insisted that checks of 1,200 dollars issued in the spring of 2020 by the tax administration bears his name, unheard of in the United States for an in-office.

However, the new 79 -year -old billionaire raises many questions.

First, how to finance it?

The public deficit of the United States has indeed widened between October and June, compared to the same period a year earlier, despite an increase in income from customs duties, including Donald Trump, all the business partners of the United States.

Make household checks widen this deficit, and therefore still increase the American debt, which was established on August 4 to more than $ 36,800 billion.

Then, what exactly money is the President of the American president?

When he evokes the benefits of his protectionist policy, Donald Trump is indeed involved in return from customs duties and investment promises made by several foreign savings.

Trump threatens to “take control” of the “horrible” washington in the hands of the Democrats: “This implies using the National Guard”

“What I want”

In an interview with CNBC on Wednesday, asked about this idea of “dividend”, the republican leader gave the example of enormous investments promised by Japan and the European Union, comparing them to the premiums paid when a sportsman signs a new contract.

“I can (in) do whatever I want,” he said.

Problem: foreign leaders do not have the same reading at all.

The Japanese government, for example, ensures that its promise of investments will come in the form of loans and guarantees, certainly not a transfer of $ 550 billion in cash.

Finally, the American president is often reproached by the Democratic opposition for presenting the manna from customs duties.

Donald Trump assures that customs taxes are paid by foreign countries.

But many economists argue that it is American consumers who indirectly pay a good part of these customs duties.

Customs taxes are paid by importers, for example large distribution brands, or factories that order spare parts abroad.

These companies will pass at least part of the additional cost on the final price of goods, especially if they operate in sectors with low margin, such as retail.

delaney.knight
delaney.knight
A Miami marine reporter, Delaney maps coral-reef heartbreaks with watercolor sketches and policy sidebars.
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